Nomura Asset Management Co. Ltd. Acquires 139,067 Shares of Exxon Mobil Co. (NYSE:XOM)

Nomura Asset Management Co. Ltd. increased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,113,715 shares of the oil and gas company's stock after buying an additional 139,067 shares during the period. Exxon Mobil comprises 0.8% of Nomura Asset Management Co. Ltd.'s portfolio, making the stock its 16th largest holding. Nomura Asset Management Co. Ltd.'s holdings in Exxon Mobil were worth $247,770,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its position in shares of Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock valued at $17,801,457,000 after purchasing an additional 395,218 shares during the period. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock worth $4,640,756,000 after buying an additional 4,080,716 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares during the period. Legal & General Group Plc boosted its position in shares of Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock valued at $3,652,589,000 after purchasing an additional 146,374 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE XOM traded down $0.65 on Monday, hitting $112.92. The stock had a trading volume of 17,393,308 shares, compared to its average volume of 16,231,408. The firm has a 50-day moving average of $119.68 and a 200-day moving average of $116.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a market capitalization of $496.29 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 4.77 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the business posted $2.27 earnings per share. The firm's revenue was down .8% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.51%. Exxon Mobil's dividend payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Mizuho raised their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 target price for the company. Finally, Royal Bank of Canada reduced their price target on shares of Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $129.95.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.